RS Fiber Cooperative Secures Improved Loan Terms

Gaylord, MN–The Board of Directors of RS Fiber Cooperative is pleased to announce that, through collaborative efforts with its lender and operations team, the organization has successfully negotiated improved loan terms extending through 2026.

This agreement provides greater financial flexibility and stability, positioning the company to focus on key priorities such as expanding its customer base, enhancing service reliability, and upgrading its high speed fiber and wireless network to meet growing consumer demand.

“We’re grateful for the strong partnership between our lender, board, and management team,” said Mark Erickson, Board Chair. “These new terms give us an opportunity in 2026 to further invest in growth and continue delivering high-quality, affordable service to our customers.”

With the revised financing structure in place, RS Fiber plans to advance several strategic initiatives over the next year which include upgrading and modernizing its fixed wireless infrastructure, adding Multi-Gigabit services over its superior fiber network, and introducing service enhancements designed to provide greater opportunities to serve both residential and business customers.

“This is a very positive step forward for our organization and the communities we serve working as the operator for RS Fiber,” added Dan Wigger, President & General Manager, HBC.  “We’re confident that with this win-win financial foundation, we can all work closely to build on many successful years and further position RS Fiber for long-term success serving its communities.”

“We are excited about the future as we continue delivering and supporting services to the residents, businesses and communities we serve.” said Ben Ranft, RS Fiber Operations Manager.  “We are committed to operating a strong network, all backed by our talented local team members who make it all possible.”